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Personal Finance and Investing

brush

(53,743 posts)

1. Having them do a living trust for you. It's better than a will

Reply to Retired Engineer Bob (Original post)

Thu Aug 5, 2021, 02:06 AM

Aug 2021

It lists all your assets and what you want done with them if you become incapacitated or pass. Also you name beneficiaries and an executor. It takes the worry off you mind as you'll know your affairs are in order. If your state requires homesteads and quit claim deeds they can do that too.

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Talking to a fiduciary Monday [View all] Retired Engineer Bob Aug 2021 OP

Having them do a living trust for you. It's better than a will brush Aug 2021 #1

Excellent Retired Engineer Bob Aug 2021 #2

Spell out in detail what would fall under the fiduciary's responsibilities and what would not. Beastly Boy Aug 2021 #3

If there are inheritance or estate taxes in any of the states involved. bucolic_frolic Aug 2021 #4

Thanks all for your input. Gives me some things to consider n/t Retired Engineer Bob Aug 2021 #5

Power of attorney? Living will? question everything Aug 2021 #6

I need to make an appointment with an estate planning lawyer as well n/t Retired Engineer Bob Aug 2021 #7

A will is still needed, even if you go for a living trust. PoindexterOglethorpe Aug 2021 #8